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    Property profile & analytics
    OFF-MARKET Estimated value $940,000
    Warehouses

    701 Ashley Dr, Crestview, FL 32536-9231

    9,922 SF 2.9 ac lot Built 2005
    Individually Owned 23-yr Hold ~ Est. High Equity
    Property ID
    US18-3558260
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 701 Ashley Drive Unit 707 in Crestview, Florida, presents a rare opportunity for businesses seeking a strategically advantageous location and substantial space. Boasting a generous 30,156 square feet, this property sits on a 2.9-acre lot and offers an incredibly convenient location south of Interstate 10, providing easy access to State Highway 85. This prime location ensures seamless connectivity to Eglin Air Force Base, downtown Crestview, and effortless egress to I-10, maximizing logistical efficiency and minimizing commute times. The property itself features a well-designed layout, including two offices, a dedicated reception area, and a shared bathroom, catering to both administrative and operational needs. The substantial warehouse space is a key highlight, featuring the added benefit of drive-in capability, streamlining loading and unloading processes and enhancing operational efficiency. The availability of such a comprehensive and well-situated business center in this specific location is exceptionally rare, making this an unparalleled investment opportunity. The asking price is $2,935,000. This property is ideal for a variety of industrial businesses seeking a combination of prime location, ample space, and convenient features.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 2005
    Construction STEEL FRAME
    Total area 9,922 SF
    Lot 2.9 ac (126,324 SF)
    Zoning code C-1
    APN 31-3N-23-0000-0002-0050
    UPID US18-3558260
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Williams Communications Inc Electronics & Wireless Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.04M
    Comparable Approach Comparable
    $772k
    Blend (final) Blend
    $940k
    Owner & transaction history
    Richey Developers · 23 yrs held
    Richey Developers
    since 2003
    5 recorded transactions
    2004
    2003
    2002
    $60,000
    2002
    $60,000
    1969
    Zoning & alternative use
    C-1 · Crestview, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $1.6M +38.0%
    Auto repair, garage $1.5M +35.9%
    Retail stores $1.3M +11.3%
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